…real estate investment management company backed by US private equity fund Warburg Pincus, is planning to include a co-working element at all eight of its commercial properties in Hong Kong to boost returns. The strategy shift comes in the wake of a growing demand for such spaces, after a successful experience in the city by other companies, such as New York-based WeWork. “We will upgrade buildings to fit with the demand for shared offices,” said…
Search Results for: WARBURG PINCUS
Logistics Group ESR Launches $505M Bid for Australia’s PropertyLink
Phil Pearce is back in the saddle as CEO of ESR Australia Warburg Pincus-backed ESR has made a $505 million all-cash offer for Sydney-based real estate investment manager Propertylink, according to an announcement to the Australian stock exchange late last week. The Pan-Asian warehouse investment platform’s Australian arm, is offering A$1.15 per security to take over all securities that it does not already own in the listed real estate investment…
Asia Real Estate People in the News 2018-10-15
…te also has experience with Colliers International. Jiaxin Zhao has joined Warburg Pincus-backed developer D&J China in Shanghai as a Manager in the industrial specialist’s asset management department, according to an update on her LinkedIn page. The new role with the startup founded by real estate entrepreneur Sun Dongping comes after Zhao spent more than six years with Cushman and Wakefield in the city after joining as a fresh graduate from the…
Lei Jun-Backed Rental Housing Operator Yujian Can’t Pay Landlords, Warned by Bank
…s to build new rental housing projects, and private equity firms including Warburg Pincus and Gaw Capital have invested tens of millions into rental housing operators competing with Yujian. The authorities in Beijing have also encouraged lending to the sector with the largest state-run banks having pledged loans of more than RMB 3 trillion to the sector over the same period. The rental housing push fits into an ongoing campaign to ease the country…
Mapletree Logistics Buying 10th Aussie Shed for A$105M
…the acquisition of Cargo Business Park in Brisbane for A$33.5 million. During this month, regional warehouse developer ESR expanded its logistics holdings across Australia, as the Warburg Pincus-backed startup won its $505 million battle to take control of Sydney-based real estate investment manager Propertylink,…
ESR Finalises $522M Buy-Out of Australia’s Propertylink
Phil Pearce is on a mission to expand ESR’s Aussie business Warburg Pincus-backed ESR has clinched a deal to buy out Sydney-based real estate investment manager Propertylink in a deal that values the Australian company at A$723.4 million ($522.51 million), according to an announcement by Propertylink to the Australian stock exchange. Propertylink on Monday revealed a binding agreement with ESR that agrees to an offer from the Hong Kong-based ware…
Link REIT Buys Beijing Shopping Centre from ARA Fund for RMB 2.56B
…a fund managed by APM Property Management, the property management arm of Warburg Pincus-backed ARA Asset Management. The acquisition makes retail asset in Tongzhou’s Liyuan Business Circle Link REIT’s second Beijing property and its fourth acquisition in mainland China. Betting on Beijing’s Plan to Boost Tongzhou Link Asset Management CEO George Hongchoy “This metro-linked retail property is located in the rapidly developing district of Tongzhou…
Fang.com Founder Steps Down From CEO Role After Revenues Dropped 25% in Q3
…til the company has been eclipsed more recently by new competitors such as Warburg Pincus-backed Lianjia, as well as by local classifieds platform 58.com and its property listing affiliate, Anjuke. Finance Team Also Gets a New Look Mo had stepped back into the top executive position at Fang in 2014 when then CEO and president Richard Dai had resigned to pursue studies at Stanford University after leading the company’s operations for eight years. M…
ARA Sells Six Floors in SG’s Suntec City to Alpha for S$160M
…ost per square foot basis. ARA, which is backed by US private equity giant Warburg Pincus, as well as by Hong Kong’s richest man, Li Ka-shing, pocketed an 11 percent capital gain on the sale, after having purchased the property two years earlier for S$143.8 million. The 61,667 square foot (5729 square metre) set of floors is selling for the equivalent of S$2,600 per square foot, up from the S$2400 the company paid to purchase them in 2016. The acq…
Chinese Developers Feast on Competitor Debt and More Asia Real Estate Headlines
…th property investor Gaw Capital to purchase mainland developer debt, with Warburg Pincus and China Vanke having launched similar efforts. Read more>> HNA Sells Down Deutsche Bank in Financial Crisis Chinese conglomerate HNA has cut its stake in Deutsche Bank to 6.3 percent, according to a filing with the U.S. Securities and Exchange Commission. That marks a reduction from 7.64 percent of voting rights reported in the most recent filing in Germany…
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